Procedia - Social and Behavioral Sciences · 2014 · 86 citations · 14 references
ManagementPerformance ManagementProject ManagementPerformance BudgetingPerformance MeasurementProject PlanningProductivity MeasurementProject Cost ManagementProject EvaluationProject GoalsProject Performance MeasurementEfficiencyProject Effectiveness MeasurementProject Efficiency MeasurementProject Outcomes MeasurementProject Performance IndicatorsProject Success Measurement
Researchers have suggested that meeting time, scope, and budget goals—project efficiency—is not a comprehensive measure of success, and no empirical study has yet examined its relationship to overall project success. The study aims to empirically examine the relationship between project efficiency and overall project success. Surveying 1,386 projects revealed a moderate positive correlation (r = 0.6, R² = 0.36) between project efficiency and overall success, indicating that efficiency is neither the sole nor an ignorable component of success.
Many researchers have suggested that meeting time, scope, and budget goals, sometimes called ‘project efficiency,’ is not the comprehensive measure of project success. Broader measures of success have been recommended; however, to date, nobody has determined empirically the relationship between efficiency and overall success or indeed shown whether efficiency is important at all to overall project success. Our aim in this article is to correct that omission. Through a survey of 1,386 projects we have shown that project efficiency correlates moderately strongly to overall project success (correlation of 0.6 and R 2 of 0.36). Efficiency is shown through analysis to be neither the only aspect of project success nor an aspect of project success that can be ignored.
14
1994 · 9.4K citations